TheStreet

Shutterstock CEO: Mobile Image Sharing Snowballing

Shutterstock sales spiked 38% to $68 million in the fourth quarter as demand for images soared, but the next big things for the company will likely be video and its mobile apps, says the company's CEO Jon Oringer. Shutterstock saw its paid image downloads reach a record 28 million in the fourth quarter and active customers surpass 940,000. As for the high level of short interest in the company's stock and its sky-high valuation, Oringer says the company has proven its ability to grow in the past and believes its new products will keep it on the fast track.